Major Tech Players Announce Huge Workforce Reductions: Ebay, Amazon and More!
Several major tech companies are reshaping their workforce dynamics at the beginning of 2024, with eBay becoming the latest to announce substantial layoffs
EBay is set to announce a deal Tuesday to sell its Skype Internet phone unit, according to a report in the New York Times.
The newspaper, citing two sources briefed on the situation, said eBay intends to sell the division to a group of private investors.
The value of the sale was not disclosed, the report said, but it added that eBay has been seeking to fetch about USD 2 B for Skype.
The newspaper said the buyers of Skype could include Andreessen Horowitz, a new venture capital firm headed by Marc Andreessen, who co-founded Netscape.
Other buyers reportedly could include venture capital firm Index Venture and private equity firm Silver Lake Partners.
An eBay spokesman would not comment on the matter to the Times.
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The European Parliament has approved the EU's inaugural directive aimed at regulating the employment rights of individuals working through online platforms
In recent years, Moldova has been faced with the challenge of reducing its dependency on Russian gas imports.
As the Hungarian forint experiences volatility, German investors are increasingly advocating for Hungary to adopt the euro, reaching the highest level of support in over a decade
In a statement underscoring growing concerns over national security, FBI Director Christopher Wray has declared that the popular social media app TikTok poses a significant risk to the United States
Eurostat data indicates that Greece (161.9%), Italy (137.3%), France (110.6%), Spain (107.7%), and Belgium reported the highest public debt-to-GDP ratios among EU member states by the conclusion of 2023
A damning report from the US State Department has unveiled a troubling reality of systematic racial and ethnic violence and discrimination against Bulgarians in the Republic of North Macedonia
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